Lupaka Gold (LPK.V) has announced it has received the certificate of mining from the Ministry of Energy and Mines and is another important step forward to get the Invicta project into production and was necessary to apply for an explosives permit. This application has now been submitted and Lupaka expects to receive the explosives permit within the next three weeks.
Meanwhile, the anticipated start-up date has moved towards the middle of this year. This is a bit disappointing but not unexpected as obtaining the mining certificate took longer than we expected. We will meet Lupaka’s management team at the upcoming PDAC conference and will provide a full update afterwards. You can read our most recent update on Lupaka HERE.
Disclosure: The author holds a long position in Lupaka Gold. Lupaka is a sponsor of the website. Please see our disclaimer for current positions.